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Obama election raises big questions for health finance
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Well, the votes are in, and we have a new President-elect. Whether or not you supported the election of Barack Obama, few would disagree that we're likely to see some changes in the health finance environment once his administration hits full swing. The question is, what changes?
More importantly, perhaps, we're likely to see broader health insurance coverage for the uninsured, possibly along the Massachusetts model. Moody's is predicting that the expansion Obama proposes could add $100 billion to $200 billion to provider coffers, something that certainly won't be painful.
Possibly, Obama may back away some from the consumer-directed health plan model, which has been closely identified with the the Bush administration. Certainly, it's an idea that's still relatively new and has faced many attacks from the left.
Perhaps due to his history as a community organizer who's seen children in poverty and uninsured, my guess is that Obama will dig deeper to fund S-CHIP than the previous presidential administration.
One interesting question, meanwhile, is where he'll stand on the issue of what non-profit hospitals must do to justify their tax exemptions. His wife Michelle held a senior executive position at a Chicago non-profit that caught some heat on this issue, so it's likely he understands it well. My gut tells me that at minimum, he won't be trying to reign in non-profit hawks like Sen. Chuck Grassley (R-IA), whose pursuit of non-profits that he considers to be doing too little charitable work is still ferocious.
Readers, what other changes are you expecting from the Obama administration? Drop me a note and let me know--I'd love to hear your opinion. - Anne
Comments
The community organizer doesn't have any experience and his wife; whom he may tap into for information, will only screw things up like in Chicago. We need more like Chuck Grassley to go after non-profits and others that milk the system for millions of taxpayer dollars. Loss of non-profit status and accountability, inlcuding fines and up to arrests should be made to a much greater extent than even those that work for publicly held corporations.
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